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Bullboard - Stock Discussion Forum Madison Pacific Properties Inc T.MPC

Alternate Symbol(s):  MDPCF | T.MPC.C

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately... see more

TSX:MPC - Post Discussion

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Post by undervalue on Jul 15, 2022 11:51am

Miscellaneous

Another very good q.
27 cents, book well over 7. 60 cents for 9 months.
The jv has produced over 8 million so far, 4 this q.
Lots of closings coming up. So q4 should be decent.
The int rate hedges have very good gains.
Op income is showing traction with higher lease rates.
They paid an premium price for a 17.5k ft building in Vancouver,  18 million. Over $1000 a foot. Closes July 27.
Look forward to details.  I have to assume Mt Pleasant, perhaps contiguous to existing,  leading to a development.
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